Moody's Ratings affirms Titan International's B1 CFR; changes outlook to stable
Moody's Ratings (Moody's) affirmed the ratings of Titan International, Inc. (Titan), including the B1 corporate family rating (CFR), the B1-PD probability of default rating and the B1 senior secured rating. At the same time, we changed the outlook to stable from positive. Titan's speculative grade l...Titan International is a wheel, tire, and undercarriage industrial manufacturer and supplier servicing customers across the globe. The company has three segments: agricultural, which provides agricultural rims, wheels, tires, and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, skidders, plows, and planters; earthmoving/construction, which manufactures rims, wheels, tires, and undercarriage systems and components for various types of off-the-road earthmoving, mining, military, construction and forestry equipment; and consumer, which manufactures bias truck tires in Latin America and light truck tires in Russia.
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